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Liberty Variable Rate Certificate
Interest rates as of July 1, 2010 - Minimum balance: $500.00 |
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- Minimum deposit to open the CD is $500.00
- Term is one year
- Interest rate will be tied to an index
- Interest rate can change on the first business day of each month
- CD is a tiered rate account
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Certificates |
Annual Percentage Yield |
Interest Rate |
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$500.00 - $4,999.99 |
.16% |
.16% |
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$5,000.00 - $99,999.99 |
.16% |
.16% |
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$100,000.00 + |
.26% |
.26% |
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Balances of $500.00 to $4,999.99 are the average 91-day T-Bill discount rate of the last auction of the preceding month less 25 basis points.
Balances of $5,000.00 or more is the average 91-day T-Bill discount rate of the last auction of the preceding month. |
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- The average 91-day T-Bill discount rate is disclosed in The Wall Street Journal, Eastern edition
- Interest is compounded daily
- Interest is credited to the account quarterly
- Deposits to the certificate can be made at any time
- You are allowed one partial withdrawal of principal or any credited interest per calendar quarter without penalty, provided the withdrawal is not made within the first six days after deposit.
- Two or more withdrawals within a calendar quarter - a fee equal to a loss of 90 days interest on the amount withdrawn
- Penalty for early withdrawal - a fee equal to a loss of 90 days interest
- This certificate will automatically renew at maturity
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(Note: Interest rates are subject to change without notice)
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